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Intel, 3Com, United Technologies
And Boeing Drag Down Markets

By

Karen Talley Dow Jones Newswires

Updated Feb. 23, 2004 7:15 p.m. ET

NEW YORK -- Stocks dropped, with the Nasdaq Composite Index briefly turning negative for the year on weakness by technology stocks like Intel and 3Com. The Dow Jones Industrial Average was led lower by United Technologies and Boeing on reports the Army planned to cancel the Comanche helicopter program the companies jointly work on.

The Dow Jones Industrial Average dropped 9.41, or 0.09%, to 10609.62. The Nasdaq Composite declined 30.41, or 1.49%, to 2007.52. The index spent some time below 2003.37, where it ended 2003, and...